NEWS
Rick Kment DTN Analyst
Wed Dec 17, 2014 11:55 AM CST

OMAHA (DTN) -- Deferred live cattle futures have quickly moved from sharp limit down losses to gains of over $2 per cwt at midday. The $5 per cwt price swing through the morning represents the lack of continued seller activity entering the market and sparked increased uncertainty about market pressure heading into the holidays. Feeder cattle futures still remain locked in limit down trade, which may create additional pressure at the end of the week. Pork market fundamentals added to the weakness in the lean hog futures market, creating lack of support in both nearby and deferred contracts.

Posted 10:30 ...

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